Just stuff from some coonass who's got some highfalutin investment title.

Monday, July 16, 2012

It's The Economy Stupid: Empire Mfg. & Retail Sales

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Empire Manufacturing

JUL

4.00

7.39

2.29

Advance Retail Sales

JUN

0.2%

-0.5%

-0.2%

Retail Sales Less Autos

JUN

0.0%

-0.4%

-0.4%

Retail Sales Ex Auto & Gas

JUN

0.2%

-0.2%

-0.2%

Retail Sales "Control Group"

JUN

0.2%

-0.1%

-0.1%

Empire Manufacturing Good

Retail Sales Bad, Very, Very, Bad

The New York Fed’s Empire Manufacturing Index is headed in a good direction, up 7.39, better than economists prediction of 4.0 and way better than June’s 2.29.

Advance Retail Sales is headed in a bad direction, -0.5%, much worse than economists prediction of +0.2%, and worse than May’s -0.2%. So, it doesn’t look like the consumer is going to bail out the economy.

NOW HERE IS AN INTERESTING LITTLE ARTICLE ABOUT FIXED INCOME IN GENERAL, AND TREASURY BONDS IN PARTICULAR.